Chinese high-tech company intends to provide vehicle-carried mini-LED backlight display modules of about USD421 mln to Bosch

A man fuels a vehicle up at a gas station in Berlin, Germany, Sept. 8, 2022. (Xinhua/Ren Pengfei)

Shenzhen Longli Technology Co., Ltd. (Longli Technology, 300752.SZ) announced on Monday that it intends to sign a multi-annual contract with German engineering and technology company Robert Bosch GmbH to provide the company with about 421 million U.S. dollars of vehicle-carried mini-LED backlight display modules, reported Shanghai Securities News.

According to the announcement, Bosch was founded in 1886 and is headquartered in Stuttgart, southern Germany. It engages in automotive and intelligent transportation technology, industrial technology, consumer goods and energy and building technology, and is one of the world's largest auto parts suppliers.

Longli Technology says that the cooperation with Bosch will help accelerate the company's presence in the international automotive market, and boost its innovation and upgrading in technology, improvement in product quality, creating greater business value for cooperation between the two parties.